基本基础根据Defi贷款的增长，因为其应用活动增长了129％

Morpho贷款的增长和整体偏向值锁定的正在推动基础的扩展。

Base is showing strong growth in its underlying app activity, despite the recent slowdown in memes and AI agents. This growth is largely driven by the expansion of Morpho lending and the overall increase in DeFi value locked on Base.

尽管最近模因和AI代理人最近放缓，但基地的基础应用活动仍显示出强劲的增长。这种增长在很大程度上是由于morpho贷款的扩展以及基本上锁定价值的总体增加所致。

According to DappRadar, Base's app activity saw a 129% increase, with the chain now hosting over 500 decentralized applications (dApps). Among these, top DeFi hubs are showing strong performance in early 2025. The tokenless chain's activity has also expanded to over 2 million daily active users (DAUs) in January, indicating a surge in on-chain engagement over the past three months.

根据Dappradar的说法，Base的App活动增加了129％，链条现在托管超过500个分散应用程序（DAPP）。其中，最高的Defi中心在2025年初表现出强劲的性能。Tokenless Chain的活动在1月份也已扩展到每天超过200万活跃用户（DAUS），这表明过去三个月中链上互动的激增。

The adoption of Base is being fueled by the activity on SynFutures DEX and Morpho DeFi lending. Initially launched as a chain for fun NFT and meme experiments, Base is now pivoting towards DeFi, with a growing volume of cbBTC trading. Morpho's expansion follows its promotion by Coinbase as a source of crypto-backed loans, offering access to Coinbase users to borrow against a collateral of Bitcoin (BTC).

基础的采用是由对综合DEX和Morpho Defi贷款活动的活动所推动的。 Base最初是作为Fun NFT和Meme实验的连锁店推出的，现在正朝着Defi旋转，越来越多的CBBTC交易。 Morpho的扩展是在Coinbase作为加密支持贷款的来源之后的推广之后，为Coinbase用户提供了访问权限，以借用比特币（BTC）的抵押品。

Another factor boosting Base's growth is its addition to Phantom Wallet, which was used to onboard more new users in the last quarter of 2024.

促进基地增长的另一个因素是它增加​​了幻影钱包，该钱包在2024年的最后一个季度被用来登上更多新用户。

Base's app volumes reached an all-time high in January after months of accumulating users. Initially, Base was generating mostly low-value traffic, with accessible transactions and meme-based activity. Currently, Base also carries $2.27 billion in cbBTC, further boosting liquidity for DeFi activities.

经过数月的用户积累数月后，Base的应用程序量在一月份达到了历史最高水平。最初，基地主要产生低价值流量，具有可访问的交易和基于模因的活动。目前，Base在CBBTC中还拥有22.7亿美元的资金，进一步提高了Defi活动的流动性。

Over time, Base locked in $3.47 billion in total value, although other reports count a higher value locked in smart contracts. Morpho Blue, the Base version of the lending protocol, locks in a total of $3.56 billion on all chains, contributing significantly to Base's inflows. The lending protocol recently expanded its assets and loans to a new all-time high.

随着时间的流逝，基本的总价值锁定了34.7亿美元，尽管其他报告估计锁定智能合约中的价值更高。贷款协议的基本版本版Morpho Blue锁定了所有连锁店的总计35.6亿美元，这给基本的流入量带来了重大贡献。贷款协议最近将其资产和贷款扩展到了新的历史最高水平。

The activity of decentralized applications and complex interactions with DeFi protocols are increasing the throughput for Base or gas spent on each transaction. Base leads other L2s in the throughput metric, showing consistent growth since the chain's launch.

分散应用程序的活性以及与Fefi协议的复杂相互作用正在增加每次交易上花费的基本或气体的吞吐量。基地领导吞吐量指标中的其他L2，自连锁店的发布以来显示出一致的增长。

Top DeFi apps boost Base's revenue

顶级Defi应用程序增长了基本的收入

DappRadar's reports indicate that Base carries $2.44 billion in its top DeFi applications, or $1.59 billion in adjusted value. The chain's top applications include Uniswap V2 and V3, Aerodrome, Morpho, and Moonwell, among others. This path of development chosen by Base could enable it to compete with Solana, although the chain still lags in most metrics.

Dappradar的报告表明，Base在其最高DEFI应用程序中载有24.4亿美元，或调整后的15.9亿美元。该连锁店的最高应用包括Uniswap V2和V3，机场，Morpho和Moonwell等。基本选择的这种发展之路可以使其能够与Solana竞争，尽管该连锁仍然落后于大多数指标。

The increased app activity also translates into higher fees for the chain. Base achieved over $12 million in fees for December and over $11.48 million for January to date. Base is one of the few chains with a relatively low cost of revenues, managing to retain most of its on-chain earnings. For the past three months, Base has achieved more than $8 million in retained earnings after paying out incentives.

增加的应用活动还可以转化为链的较高费用。 12月的基础收取了超过1200万美元的费用，迄今为止1月的收费超过1,148万美元。基地是为数不多的收入成本相对较低的连锁店之一，设法保留了大部分链收益。在过去的三个月中，基地在支付激励措施后已获得超过800万美元的保留收益。

Base's revenues grew again in the last quarter of 2024, although not reaching the peak levels from April. The chain's activity is now more sustainable, coinciding with the expansion of cbBTC. This recent expansion follows a period of deliberate marketing, which however produced much lower traffic.

基地的收入在2024年的最后一个季度再次增长，尽管从4月起就没有达到峰值水平。该连锁店的活动现在更加可持续，与CBBTC的扩展相吻合。最近的扩展是在一段故意的营销之后，但是流量降低了。

Base only pays a few thousand dollars to verify its transactions on Ethereum, which hardly affects the chain's earnings. Base remains one of the cheapest L2s to transact on. The current app activity may be more organic, as Base has not hinted at airdropping a token. The chain carries some low-value or zero-cost transactions, but there is no immediate expectation of airdrop farming.

基地仅支付几千美元来验证其在以太坊上的交易，这几乎不会影响连锁店的收入。基地仍然是最便宜的L2s之一。当前的应用程序活动可能更有机，因为基地尚未暗示着airdropop a的令牌。该连锁店带有一些低价值或零成本的交易，但没有立即期望气盘耕作。

Base picks up Ethereum's activity

基础接收以太坊的活动

After Arbitrum's initial success, Base seems to be the chain picking up activity and liquidity from Ethereum. Arbitrum retained its status as the chain for DEX swaps and risky trading, while maintaining its relatively high inflows from the L1 chain. Arbitrum still leads with $5.6 million in stablecoin liquidity, while Base is slowly catching up with $3.6 billion in stablecoins.

在仲裁最初的成功之后，基础似乎是从以太坊拾取活动和流动性的连锁店。仲裁保留了其作为DEX掉期和风险交易的链条的地位，同时保持了L1链中相对较高的流入。仲裁仍以560万美元的稳定流动性领先，而基地逐渐赶上了36亿美元的Stablecoins。

The movements of liquidity from Ethereum into Base reached $3.44 billion, with a 5% share of stablecoins and the inclusion of ETH and bridged tokens. A total of 612,691 ETH have been bridged on Base for liquidity and DEX trading.

从以太坊到基地的流动性变动达到了34.4亿美元，占稳定股的份额为5％，将ETH和桥接的代币纳入。总共有612,691个ETH在流动性和DEX交易基础上被桥接。

Base remains one of the top chains for DeFi and CeFi activity, largely due to Coinbase's efforts to offer consumer crypto products. Base still relies on Coinbase's regulated status and the reputation of USDC, its most widely used stablecoin. Base is one of the leading chains for token transfers and general on-chain utility.

基地仍然是DEFI和CEFI活动的顶级连锁店之一，这在很大程度上是由于Coinbase为消费者提供消费者加密产品的努力。基础仍然依赖于Coinbase的规范状态和USDC的声誉，即使用最广泛使用的Stablecoin。基础是代币转移和一般链链实用程序的领先链之一。